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Maroc Maroc - WN.COM - World - 27/Nov 15:35

Commodity wrap: oil flat as traders eye OPEC+ meeting; gold slips, while silver outshines

Oil prices remained flat on Thursday as trading volumes were thin due to the US Thanksgiving holiday. Gold prices fell from two-week high as investors continued to assess the likelihood of an interest rate cut by the US Federal Reserve next month. Silver prices also pulled back after hitting their highest level of $54 per ounce in a fortnight. The metal was near its record high of around $55 an ounce. Oil flat Oil prices were a touch higher on Thursday after spending the day mostly flat. Analysts said that the West Texas Intermediate prices have found some support at $58 a barrel. Traders were cautious as they assessed a possible peace deal between Russia and Ukraine, and the impact...

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